Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Monty Lenard who wrote (9020)	9/14/2001 5:08:36 AM
From: LLCF	Read Replies (2) of 74559

<I will say this. One good thing that may come out of this market downturn will be that we may find that what is truly meaningful in life is not the MARKET. I am sure that the '29 fiasco had the same impact.> Well said, part of the problem today is the market has become TOO meaningful. What many of these 'long term' folks looking at the 30's forget is that for most [back then anyway, perhaps today as well] there was no "hold" when they had no job, just liquidate. They also forget that just because something happened in the past has nothing to do with the future, there is NO PROOF that long term holders of "equity" [as you pointed out, whatever that means] will outperform other asset classes... and that theory dwindles when your talking about folks 'our' age. :) DAK Also, "Classics" is a fabulous book gleaning articles by many of the great investors and thinkers on the topic of investing: amazon.com

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